NEWS
ECONOMY   Tax  

Comprehensive plan underway to amend tax system: fin. min.

Tax system is being amended in the country through implementing the Comprehensive Tax Plan, Iran’s Finance and Economic Affairs Minister stated.

The minister made the remarks in a meeting of the cabinet and Majlis Economic Committee members on Monday, IRIB reported.

Dejpasand said the mentioned plan consists of 32 significant programs and 97 percent of it has been already realized.

To minimize the effects of sanctions on the country’s economy, Iran is adopting some new economic approaches and the main important one is to reduce reliance on the oil revenues.

To materialize this objective, the country has put strengthening domestic production, boosting non-oil exports specially to the neighbor countries, and collecting taxes more systematically on top of its economic policies.

Earlier this month, Dejpasand said that reducing the current year’s budget dependency on oil exports is the most important economic objective in the country; and his ministry is seriously following up defined tax policies to this end.

The proposed 17.03 quadrillion rials ($405 billion) budget bill for this Iranian year (started on March 21) has envisaged 1.53 quadrillion rials (about $36.5 billion) of tax income.

The minister has also stressed that an efficient tax system should be a priority in the government’s policy making.

A non-oil budget requires other stable income sources.

In a message on the occasion of the National Day of Tax (July 7), Dejpasand stressed the necessity of planning for using stable non-oil income.

He wrote the sanctions should be considered an opportunity to reform the budget structure and to take the advantage of tax potential.

News No: 5109
Date: 2019/07/10 - 01:31
News Source: Tehran Times

sanctions  Majlis Economic Committee  Finance and Economic Affairs  Tax system  tax 

Comments:

Leave a Comment:

   
   
   
 

Iran’s Rial Gains Significant Value against US Dollar

The Iranian national currency of rial is 118,000 against the US dollar which shows a relatively high regain of value compared to months of low that followed American introduction of crippling economic sanctions against Tehran.
 

Iran detains 2 tankers in Mideast Gulf: Update 4

Iran detained two oil tankers as they transited the strait of Hormuz but has released one of the vessels.
 

U.S. treasury sanctions a network of companies procuring aluminum products for Iranian nuclear program

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) put sanctions against a network of front companies and agents on July 18, 2019, who are involved in the procurement of aluminium materials for sanctioned elements of Iran’s nuclear program.
 

Russia Says Ready to Join EU’s INSTEX

Russia has signaled its willingness to join an EU payments channel designed to circumvent US sanctions banning trade with Iran, but has called on Brussels to expand the new mechanism to cover oil exports.
 

Speaker: US Sanctions Not to Prevent Armenia from Purchasing Gas from Iran

Armenian Parliament Speaker Ararat Mirzoyan blasted the US sanctions on Iran and pressures on other states to stop cooperation with the country, saying that his country cannot halt buying gas from Tehran.
 

Oil Minister: Sanctions Unable to Halt Iranian Crude Exports

Iranian Oil Minister Bijan Namdar Zanganeh underlined that the US sanctions have failed to stop Iran's oil supplies to other countries.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners